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Profitable Automotive Systems Company Seeking Loan in Chennai, India

Start-up business offering third-party automotive inspection services seeks funds to start manufacturing auto parts.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 36 thousand
Run Rate Sales USD 70 thousand
EBITDA Margin 25 %
Industries Automotive Systems
Locations  Chennai
Local Time 3:52 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 60 thousand for 18.0% annual interest, 3 years (Native Currency: INR 5,000,000)
Reason: Working capital. To purchase new machines and equipment to set-up a new factory for existing orders... View More
Collateral Available: USD 30 thousand
Includes physical assets worth USD 24 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
Business Overview

- Business offering automotive TPI, inspection and quality control services in Chennai.

- We have 4 major clients who are from the automotive sector.

- Planning to start and expand manufacturing of auto parts.

- We will manufacture for domestic and international clients.

- We are looking for a corporate advisor cum investor.

- Company has orders in hand to manufacture automotive wheel accessories for 2 OEMs.

- Have contact with OEMs for one year and they are renewable.

- Majority of the current revenue is generated from quality control and inspection services.

Products & Services Overview

Automotive inspection services.

Quality control.

Manufacturing.

Warehouse management.

Auto ancillary parts.

Non-automotive parts.

Assets Overview

Computers, printers, furniture, chairs, tables, inventory and raw materials, some machinery and equipment.

Facilities Overview

Have a rented factory of 3,000 sq ft in Chennai. Have 2 rented offices in Chennai.

Capitalization Overview

Company has two shareholders from the same family (father and son)

Business does not have any loan or liability so far.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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